Norwegian cableco Get could reportedly be put up for sale by early next year in a deal that would raise more than €1bn.
Its owners, buyout firms Goldman Sachs Capital Partners and Quadrangle, are preparing the group for a sale that could even come…
Norwegian cableco Get could reportedly be put up for sale by early next year in a deal that would raise more than €1bn.
Its owners, buyout firms Goldman Sachs Capital Partners and Quadrangle, are preparing the group for a sale that could even come later this year, reported Reuters citing sources.
GET declined to comment.
Pan-European cableco UPC, which sold Get in 2005, could consider returning to the asset now that it has finished upgrading its network infrastructure, added the report.
A banking source told TelecomFinance that Swedish private equity firm EQT had registered its interest in acquiring Get nine months ago. EQT, which invests in Northern and Eastern Europe, Asia and the US, acquired Norwegian telecoms solutions provider Ventelo earlier this year for around NOK 1.8bn (US$306m).
UPC sold Get in 2005 to PE firm Candover, which in 2007 sold the asset to Goldman Sachs Capital Partners and Quadrangle for €725m.
Goldman Sachs and Quadrangle were unable to comment before the press deadline.
